Electronic Recycling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019
Albany, NY -- (SBWIRE) -- 06/22/2017 -- Major players operating in the global electronic recycling market include AERC Recycling Solutions, A2Z Group, Dlubak Glass Company, American Retroworks Inc., Eco-Tech Environmental Services Inc., and CRT Recycling Ltd. The electronic scrap recycling market is fairly consolidated, with the global market being dominated by a few players, notes Transparency Market Research (TMR). The leading players are trying to expand their geographical footprints in order to further bolster their presence. They are also resorting to technological innovations in the e-waste recycling process, especially related to the recovery of various precious metals, to gain a competitive edge in the market. The leading market players are bringing constant value addition in the recycling chain to gain a stronghold in the market.
According to TMR's estimation, the global electronic recycling market is poised to expand at a CAGR of 23.0% from 2013 to 2019. Registering impressive growth, the market is expected to attain a value of US$41.3 bn by 2019 from US$9.8 bn in 2012.
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Cost fluctuations associated with Mining make Steel most widely Extracted Metal
In terms of processed material used as stock, the global electronic recycling market is segmented into copper, steel, plastic resins, lead, zinc, nickel, aluminum, gold, silver, and tin. Amongst all processed materials, treatment of electronic waste to extract steel has emerged as the leading segment. Owing to significant cost fluctuations along with the large scale applications of steel for various manufacturing processes, an increasing number of manufacturers rely on closed-loop supply chain.
On the basis of geography, the global market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Of them, Europe is a market leader in electronic recycling. The growth in the regional market is attributed to the enforcement of the stringent regulations on the recycling of e-waste and innovative technologies in the recycling processes. Directives such as the Restriction of Hazardous Substance (RoHS) that relates the use of hazardous materials in electrical and electronic equipment has boosted the growth of the market in the region. In addition, European Community directives such as the Waste Electrical and Electronic Equipment (WEEE) that focus on electronic recycling has spurred the demand for electronic recycling. South Africa is rapidly emerging as a prominent market. The growth is attributed to the fact that the region is a large dumping ground for e-waste being generated in many developed countries.
Negative Impact of e-Waste on Health and Environment Propel Market
Widespread consumption of electronic products that include computers and their peripherals, mobile phones, batteries, and myriad electronic appliances has triggered the demand for effective electronic recycling and treatment of e-waste. The global electronic recycling market is driven by mounting government concerns on the health and environmental hazards caused by untreated e-waste. Combined with this, intensive initiatives undertaken by original equipment manufacturers (OEMs) and nonprofit organizations to recycle electronic waste has fuelled the growth of the market.
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Recovery of precious metals and minerals to ensure their easy availability has bolstered the demand for electronic recycling. Furthermore, significant infrastructural developments and favorable governmental initiatives in emerging economies are also expected to propel the global electronic recycling market. Coupled with this, the innovations in recycling technologies will unlock vast opportunities for the market players.
The study presented here is based on a report by Transparency Market Research (TMR) titled "Electronic Recycling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019".